Instructions to the 10
Secret 10/90
In the trading activity that I run, I am very inspired by Charles Swindoll statement below. I am sure this will change your life tremendously.
Charles Swindoll
"The longer I live, the more I am convinced that life is 10% what happens to me, 90% is how I responded."
You do not have control over 10% of your life. The other 90% is something different because you can specify that 90% of these, namely your reaction.
A simple example: You're buying stocks that you think will go up. Some time later the shares you bought turned out to fall and on which you place the stop loss. You definitely do not have control over what just happened.
A simple example: You're buying stocks that you think will go up. Some time later the shares you bought turned out to fall and on which you place the stop loss. You definitely do not have control over what just happened.
What happens next is determined by how you react. Are you cursed, disappointed, frustrated and then slammed the phone?
However, you have no control over the losses already incurred. How do you react after a loss that was what actually caused the problem becomes more difficult. Like the loss of opportunity or even result in losses the next. So, this is influenced by how you react!
Key victory in trading is to keep the game very well. Actually does not matter what the market to you before, how you respond is much more important. For example, you react with calm and accept defeat as part of trading and experience.
Tom Basso
"Think that every transaction is one of thousands of transactions that you create. If you start thinking like this(thousands of subsequent transactions) of thousands of transactions, there must be one or several events thatall of a sudden when you make a transaction which seems very crazy . Who cares if the conditions of a particular transaction is a win or loss? This is just an other transaction. "
Tom Basso
"Think that every transaction is one of thousands of transactions that you create. If you start thinking like this(thousands of subsequent transactions) of thousands of transactions, there must be one or several events thatall of a sudden when you make a transaction which seems very crazy . Who cares if the conditions of a particular transaction is a win or loss? This is just an other transaction. "
Being a successful trader does need mental well which is always stable in the first transaction or the next and this becomes a paradox in trading. Even if you do not put the focus on the first esksekusi, however you should still do the best at first.
There are some traders who think that the refrain from trading in some time is the best thing. They argue that they are just waiting for his best shot. In fact there is no trading market or a good stock unless the price moves long (big move). You can not wait for later, tomorrow, next week, the best chance, and others because of the risks you face remains the same. If now there is a chance, still do the trade! Tom Basso once said,
Tom Basso
"Developing the concept that no harm will be trading is your ability to continue trading. I manage to occupythe already prepared (planned) because I know that the risk and volatility (volatility) in my portfolio as clearas yesterday, the previous week or month previously. So, why should I let my emotions grow up and down ifI clearly have the same eksposir all the time. "
Tom Basso
"Developing the concept that no harm will be trading is your ability to continue trading. I manage to occupythe already prepared (planned) because I know that the risk and volatility (volatility) in my portfolio as clearas yesterday, the previous week or month previously. So, why should I let my emotions grow up and down ifI clearly have the same eksposir all the time. "
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